Amazon.com on Wednesday announced that hundreds of workers from its Prime Video and Amazon MGM Studios divisions will be let go.

Mike Hopkins, senior vice president of Amazon MGM Studios and Prime Video, informed staff members in a memo that they've identified opportunities to reduce or discontinue investments in certain areas while increasing our investment and focus on content and product initiatives that deliver the most impact.

The company will inform the affected employees in the United States on Wednesday and most other regions by the end of the week.